Based on Bitcoin, the new currency rewards people with coins in return for proof that they have generated solar energy

Laurens ten Hagen‘s insight:

People with solar panels on their house will receive solar renewable energy certificates from their energy company in return for feeding a megawatt-hour of electricity back into the grid. These certificates are already traded for cash, but present one to SolarCoin’s organisers and you’ll receive one coin – they expect to start distribution in a matter of weeks.